02:00 Tue 10 Aug 2021
CyanConnode Holdings - Investor Presentation
REACH
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Investor Presentation
CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that
A summary of the highlights of those results include the following:-
· Significant increase in number of modules shipped during the year (2021: 481,000 vs 86,000 in 2020)
· Order for 350,000 Omnimesh modules worth more than
· Previously delayed Indian contract resumed worth INR 1 billion (c.
· Commencement of rollout of projects in
· Continued rollout of Swedish projects
· New Senior Management Team appointed in
· Financial Highlights:
- Revenue increased by 163% from
- Gross Profit improvement of 126% from
- Operating loss decreased by 57% from
- Adjusted EBITDA improved by 62% from a loss of
- Improvement in cash position by 27% from
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until
https://www.investormeetcompany.com/cyanconnode-holdings-plc/register-investor
· Investors who already follow CyanConnode Holdings plc on the Investor Meet Company platform will automatically be invited.
- Ends -
Enquiries:
CyanConnode Holdings plc
John Cronin, Executive Chairman Tel: +44 (0) 1223 225 060
Arden Partners plc (Nomad and Broker)
Paul Shackleton / Akhil Shah (Corporate Finance) Tel: +44 (0) 20 7614 5900
Simon Johnson (Corporate Broking)
About CyanConnode
CyanConnode (AIM:CYAN.L), is a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, which are used for machine to machine (M2M) communication. As well as being self-forming and self-healing, CyanConnode's RF Smart Mesh Networks are designed for rapid deployment, whilst giving exceptional performance and competitive total cost of ownership.
In
Through a Global partner eco-system, which is vendor agnostic, CyanConnode has several routes to market, therefore it is well positioned to capitalise upon increasing Global demand for smart metering solutions.
For more information, please visit www.cyanconnode.com
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